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State Contract and Payment Actions in May
… Gaming Commission $42.8 million with Highbridge Broadway LLC for office space in Schenectady County. Office of General … New York $10.9 million with LeChase Construction Services LLC for rehabilitation of SEFCU Arena at SUNY Albany. $3.9 … counties. $10.5 million with Hanson Aggregates New York LLC for pavement rehabilitation on Route 162 in Montgomery …
https://www.osc.ny.gov/press/releases/2022/06/state-contract-and-payment-actions-mayXIV.14.F Valuation of Capital Assets – XIV. Special Procedures
… attributable to asset acquisition). In the case of land, ancillary costs should also be included, such as legal … costs include, but are not limited to, the following: Land: Original contract price Brokers' commissions Legal fees … Per Paragraph 79 of GASBS 72 - Fair Value Measurement and Application, acquisition value is the price that would be …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv14f-valuation-capital-assetsState Comptroller DiNapoli Releases School Audits
… period. This occurred because the board has not adopted a payroll policy and district officials have not established …
https://www.osc.ny.gov/press/releases/2016/08/state-comptroller-dinapoli-releases-school-audits-2State Comptroller DiNapoli Releases Municipal & School Audits
… no one independently reviewed and approved entries. Bank reconciliations also were generally not prepared or … balances did not agree with general ledger cash balances for 55 of 133 bank reconciliations. The supervisor also did … oversight North Babylon Union Free School District – Online Banking (Suffolk County) Auditors determined that …
https://www.osc.ny.gov/press/releases/2024/06/state-comptroller-dinapoli-releases-municipal-school-audits-0DiNapoli: Audit Details Double-Dipping by Buffalo City School District Technician
… A Buffalo City School District technician was sentenced today … Comptroller Thomas P. DiNapoli. Noe Rodriguez, 38, of Buffalo, was prosecuted by Erie County District Attorney … equipment technician, was paid for full work days at the Buffalo district while he was also clocked in at the Lake …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-audit-details-double-dipping-buffalo-city-school-district-technicianGarden City Union Free School District – IT Asset Management (2023M-161)
… taxpayers that all IT assets are adequately accounted for and would be detected if lost, stolen or misused. We … that 23 percent of the assets were not properly accounted for. Specifically: Four Chromebooks and an iPad with combined costs of nearly $1,800 could not be …
https://www.osc.ny.gov/local-government/audits/school-district/2024/03/22/garden-city-union-free-school-district-it-asset-management-2023m-161Otselic Valley Central School District – Procurement (2022M-58)
… to competitive bidding. Out of nine purchases under the competitive bidding threshold reviewed totaling $109,671 … and information technology equipment ($8,512), or for the school District’s attorney that was paid $21,038 during … for goods and services. Key Recommendations Update the procurement policy and related procedures to include …
https://www.osc.ny.gov/local-government/audits/school-district/2022/07/08/otselic-valley-central-school-district-procurement-2022m-58State Comptroller DiNapoli Releases Municipal & School Audits
… P. DiNapoli today announced the following local government and school audits were issued. Merrick Union Free School … P DiNapoli today announced the following local government and school audits were issued …
https://www.osc.ny.gov/press/releases/2024/10/state-comptroller-dinapoli-releases-municipal-school-auditsHenrietta FD – Audit Follow-Up (2021M-27-F)
… Fire District’s (District’s) progress, as of January 2025, in implementing our recommendations in the audit report … Henrietta Fire Districts Districts progress as of January 2025 in implementing our recommendations in the audit report …
https://www.osc.ny.gov/local-government/audits/fire-district/2025/04/04/henrietta-fd-audit-follow-2021m-27-fDiNapoli: Buffalo City Schools Technician Worked Second Job Simultaneously
… A Buffalo City School District technician pleaded guilty today … Thomas P. DiNapoli’s office. Noe Rodriguez, 38, of Buffalo, was arrested and pleaded guilty to scheming to … submitted time records for working full days at the Buffalo district while also clocked in at the Lake Shore …
https://www.osc.ny.gov/press/releases/2015/04/dinapoli-buffalo-city-schools-technician-worked-second-job-simultaneouslyState Comptroller DiNapoli Releases Municipal and School Audits
… As a result, various department officials responsible for overseeing the contracts approved claims totaling … documentation from county departments. Expenditures for one contract exceeded the agreed upon contract amount by … revenues by an average of $1.6 million annually for a three-year period. Delaware Academy Central School …
https://www.osc.ny.gov/press/releases/2024/08/state-comptroller-dinapoli-releases-municipal-and-school-auditsPittsford Central School District – Security of Personal, Private and Sensitive Information (PPSI) on Mobile Computing Devices and Extracurricular Cash Records and Collections (2016M-92)
… PPSI on Mobile Computing Devices and Extracurricular Cash Records …
https://www.osc.ny.gov/local-government/audits/school-district/2016/08/12/pittsford-central-school-district-security-personal-private-and-sensitiveGlobal Investor Coalition Calls on Exxon to Prepare for a Lower Carbon Future
… want to know that Exxon is doing what is needed to prepare for a future with lower carbon emissions. The future success … requires Exxon to assess how it will perform as the world changes.” “Climate change presents major challenges to … economic scenarios. US oil companies need to change course on climate trends or risk being left behind.” The …
https://www.osc.ny.gov/press/releases/2016/01/global-investor-coalition-calls-exxon-prepare-lower-carbon-futureSwan Lake Fire District – Internal Controls Over Financial Operations (2013M-258)
… State, distinct and separate from the Towns of Liberty and Bethel, and is located in Sullivan County. The Board of Fire … submits a budget-to-actual financial report to the Board at the start of the budget process, but not throughout the …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/11/29/swan-lake-fire-district-internal-controls-over-financial-operations-2013mLowville Academy and Central School District – Financial Condition (2015M-220)
… our audit was to review the District’s financial condition for the period July 1, 2013 through March 31, 2015. … nine-member Board of Education. Budgeted appropriations for the 2014-15 fiscal year were approximately $25 million. … officials have been using reserve funds as repositories for excessive fund balance. Key Recommendations Adopt budgets …
https://www.osc.ny.gov/local-government/audits/school-district/2015/11/27/lowville-academy-and-central-school-district-financial-condition-2015mDiNapoli Report Tracks MTA's Shifting Revenue Streams
… real estate transactions, petroleum businesses, sales, and drivers. These revenues as a share of MTA operating revenue, … on commuter rails which is near pre-pandemic levels. Drivers paid 9% of MTA’s tax and fee revenue through … taxes for this analysis, which is largely passed on to drivers. Real estate transaction taxes, which once made up …
https://www.osc.ny.gov/press/releases/2025/05/dinapoli-report-tracks-mtas-shifting-revenue-streamsState Comptroller DiNapoli Releases Municipal Audits
… million on Dec. 31, 2020, which is excessive and enough to pay 41.5% of the District’s 2020 expenditures. In addition, …
https://www.osc.ny.gov/press/releases/2021/07/state-comptroller-dinapoli-releases-municipal-audits-2XVI.4.B Tax Revenues – XVI. Financial Reporting
… State taxes the exchange transaction, such as the exchange of an employee’s services for a wage or salary or the … accounted for as current (relating to the current calendar year) or prior (relating to all calendar years preceding the … payments Payments with final returns Assessment payments Fiscal year end (March 31) accruals are generally measured by …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi4b-tax-revenuesDiNapoli: State Pension Fund Investments Return 11.55% for State Fiscal Year 2023-24
… alternatives (7.52%). The Fund’s long-term expected rate of return is 5.9%. The Fund’s annual valuation date is … plans in the nation. Links Fund’s historic value and rate of return in prior years Return for the third quarter …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-state-pension-fund-investments-return-1155-state-fiscal-year-2023-24City of Yonkers – Budget Review (B20-6-4)
… liquidate current deficits in the City School District’s general fund as of June 30, 2014. Chapter 55 of the Laws of … $4.7 million appropriation for the purchase of textbooks, software and equipment. However, the City’s capital budget … to borrowing funds to purchase textbooks and related software and equipment. Review the estimates for sales and …
https://www.osc.ny.gov/local-government/audits/city/2020/05/21/city-yonkers-budget-review-b20-6-4